Five cattle died on a property north-east of Shepparton last week.
The property has been quarantined and more than 1100 cattle vaccinated on the property.
An Agriculture Victoria spokesperson said AgVic maintains a stock of vaccine for use in anthrax responses.
Vaccination undertaken in response to a case of anthrax is carried out by Agriculture Victoria staff, or a private veterinarian engaged by Agriculture Victoria, at no cost to the livestock producer.
AgVic also provides funding to private veterinarians for undertaking a basic anthrax exclusion test in cattle and sheep.
Subsidies are available as part of the significant disease investigation program.
The spokesperson said Agriculture Victoria is undertaking a risk assessment of high risk properties including neigthbouring properities to decide what further vaccination may need to be carried out.
The affected property will remain under quarantine until 20 days following the completion of vaccination of all stock on the affected property, or for 20 days after the last anthrax death, whichever is the longer.
When a property is quarantined, no livestock or animal products can leave the property. Vehicles and equipment that have been in contact with infected carcases and not been disinfected appropriately also cannot leave the property.
Compensation is not paid to owners of livestock that die from anthrax, but cattle, sheep and goat producers are eligible for a one-off industry-funded incentive payment of $1000 (cattle) or $500 (sheep or goat) following a positive diagnosis of anthrax if certain criteria are met.
Further details are on the Agriculture Victoria website.